Fidelity Investments Canada ULC announced Jan. 26 the launch of the Fidelity Multi-Asset Innovation Fund, Fidelity All-in-One Balanced ETF/ETF Fund and Fidelity All-in-One Growth ETF/ETF Fund.
Portfolio managers for the Fidelity Multi-Asset Innovation Fund are: Mark Schmehl, Jeff Moore and Michael Plage. This fund’s global balanced mandate aims to achieve a high total investment return by investing primarily in, or providing exposure to, a mix of equity and set of fixed income securities of U.S. and other issuers from around the world, says the company.
The Fidelity All-in-One ETFs are a one-ticket solution for advisors and investors looking for exposure to a globally-diversified portfolio of stocks and bonds. The ETFs are sub-advised by Geode Capital Management LLC and “provide broad market exposure that goes beyond a passive approach, by harnessing the power of Fidelity Factor ETFs and Fidelity's systematic and active fixed income management,” says Fidelity.
The Fidelity All-in-One Balanced ETF (FBAL) invests primarily in underlying Fidelity ETFs that provide exposure to a portfolio of global equity and fixed income securities. It generally follows a neutral mix of 60% global equity securities and 40% global fixed income securities.
The Fidelity All-in-One Growth ETF (FGRO) invests primarily in underlying Fidelity ETFs that provide exposure to a portfolio of global equity and fixed income securities. It generally follows a neutral mix of 85% global equity securities and 15% global fixed income securities.
These funds trade on the NEO Exchange. They are also available in mutual fund versions.
